revolving credit

American  

noun

1. credit automatically available up to a predetermined limit while payments are periodically made.

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revolving credit British  

noun

1. a letter of credit for a fixed sum, specifying that the beneficiary may make repeated use of the credit provided that the fixed sum is never exceeded

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Etymology

Origin of revolving credit

First recorded in 1915–20

Example Sentences

The company had to draw $2.15 billion from its revolving credit facility to pay Netflix a $2.8-billion termination fee that Warner Bros.

From Los Angeles Times • May 4, 2026

Last August, a group of holders of the retailer’s $3.25 billion revolving credit facility entered a pact committing to move in lockstep as they began negotiating with the company on restructuring options.

From The Wall Street Journal • Apr. 15, 2026

In addition to the fundraising, OpenAI said Tuesday it had expanded its existing revolving credit facility to about $4.7 billion.

From MarketWatch • Mar. 31, 2026

The agency noted that the acquisition, if completed, “will result in materially higher leverage,” citing Paramount’s $58 billion debt commitment—which includes an existing $3.5 billion revolving credit facility—to fund the acquisition.

From Barron's • Mar. 19, 2026

The streaming giant entered into a $5 billion senior unsecured revolving credit facility and two senior unsecured delayed-draw term-loan facilities totaling $20 billion, according to a Monday filing with the Securities and Exchange Commission.

From The Wall Street Journal • Dec. 22, 2025